U.s. Bancorp · NYSE:USB
U.s. Bancorp — BancAnalysts Association of Boston Conference 2012
22 slides from U.s. Bancorp's conference presentation, Nov 2, 2012
Slide 1: BancAnalysts Association of Boston Conference
BancAnalysts Association of Boston Conference Andy Cecere Vice Chairman and CFO November 2, 2012
Slide 2: Forward-looking statements
The following information appears in accordance with the Private Securities Litigation Reform Act of 1995: This presentation contains forward-looking statements about U.S. Bancorp. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-l
Slide 3: U.S. Bancorp Overview, Capital Management, Current Topics
U.S. Bancorp Overview Capital Management Current Topics
Slide 4: 3Q12 Dimensions
3Q12 Dimensions * As of October 26, 2012 Overview U.S. Bancorp Businesses Asset Size $352 billion Deposits $244 billion Loans $218 billion Customers 17.4 million NYSE Traded USB Market Capitalization* $62 billion Founded 1863 Bank Branches 3,086 ATMs 5,080
Slide 5: Revenue Mix By Business Line
3Q12 YTD, taxable-equivalent basis Excluding securities gains (losses) net Revenue Mix By Business Line Fee Income / Total Revenue Diversification Consumer and Small Business Banking 47% Payment Services 26% Wealth Mgmt and Securities Services 8% Wholesale Banking and Commercial Real Estate 19% Over
Slide 6: Performance Metrics
Source: SNL and company reports Peer banks: BAC, BBT, FITB, JPM, KEY, PNC, RF, STI and WFC Return on Average Assets Return on Average Common Equity Efficiency Ratio 3Q12 YTD Full Year 2011 Performance Metrics Overview
Slide 7: Revenue Growth
* Gain on merchant processing agreement settlement $ in millions, taxable-equivalent basis, peer banks: BAC, BBT, FITB, JPM, KEY, PNC, RF, STI, USB and WFC Prior 5 Years Year-Over-Year Growth 2.3% 4.4% 13.6% 8.9% 5.3% Prior 5 Quarters Year-Over-Year Growth 4.5% 8.1% 9.1% 8.1% 8.0% Revenue Growth USB
Slide 8: Loan and Deposit Growth
$ in billions Peer banks: BAC, BBT, FITB, JPM, KEY, PNC, RF, STI, USB and WFC 6% 12% 8% 5% 17% 6% 11% 11% 18% 1% 7% 7% 20% 5% 11% 13% 5% 21% 15% Loans Deposits Prior 5 Years Ending Balances Year-Over-Year Growth Prior 5 Quarters Average Balances Year-Over-Year Growth Loan and Deposit Growth Overview
Slide 9: Credit Quality
Credit Quality Overview $ in millions * Excluding Covered Assets (assets subject to loss sharing agreements with FDIC) ** Related to a regulatory clarification in the treatment of residential mortgage and other consumer loans to borrowers who have exited bankruptcy but continue to make payments on t
Slide 10: Capital Management
U.S. Bancorp Overview Capital Management Current Topics
Slide 11: Capital Position
$ in billions * Tier 1 common equity to risk-weighted assets approximated using proposed rules for the Basel III standardized approach released in June 2012 TARP Equity Tier 1 Capital Tier 1 Capital Ratio Tier 1 Common Ratio 3Q12 Tier 1 Common Ratio Basel III: 8.2%* Capital Position Capital Manageme
Slide 12: Capital Actions
Capital Actions Dividend increase and share repurchase authorization announced March 13th Annual dividend raised from $0.50 to $0.78, a 56% increase One year share repurchase authorization of 100 million shares 3Q12 Basel III Tier 1 common equity ratio approximately 8.2% Capital Management Reinvest
Slide 13: Debt Ratings
Debt Ratings Capital Management Holding company senior debt ratings as of October 26, 2012 op=outlook positive on=outlook negative s=outlook stable wn=watch negative wp=watch positive
Slide 14: Current Topics
U.S. Bancorp Overview Capital Management Current Topics
Slide 15: Net Interest Income
Net Interest Income Current Topics Positives Debt maturities / re-pricing Deposit pricing / volumes Negatives Investment securities portfolio - re-pricing risk Excess cash at Fed Net Interest Income $ in millions
Slide 16: Mortgage Banking
Mortgage Banking $ in billions; Servicing = mortgages serviced for others Source: Inside Mortgage Finance, ranking as of 2Q12 Originations Servicing USB Rank #25 Continue to build a strong mortgage origination and servicing business Provide industry leading client experience Maintain best in class o
Slide 17: Current Macro Issues
Current Macro Issues Current Topics Europe Elections Fiscal cliff Regulation Confidence in financial systems Direction and momentum of the macro-economy continues to be sluggish
Slide 18: Long-term Goals and Summary
Long-term Goals Optimal business line mix Investments generating positive returns Profitability: ROE 16-19% ROA 1.60-1.90% Efficiency Ratio low 50s Capital distributions: Earnings distribution 60-80% Summary Current Status Four simple and stable business lines Mortgage, wealth management, corporate
Slide 19: Momentum continues
Momentum continues yy Allof us serving you usbancorp
Slide 20: Appendix
Appendix Sbancorp
Slide 21: Non-GAAP Financial Measures
Non-GAAP Financial Measures Appendix
Slide 22: BancAnalysts Association of Boston Conference
BancAnalysts Association of Boston Conference
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